If the action is voted through on the 2nd during the stockholders meeting, the general feeling is that it will cause the price to at least temporarily drop because of delution.
That being said, it seems to me that the shorters should want this stock to go on a run right now so they can sell short at a high price, then buy to cover when it drops to make big bucks.
Does anyone know how long they have to buy to cover after they sell short?
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